president obama sending his treasury secretary to try to break the log jam on the fiscal cliff. with the deadline rapidly approaching, both sides are hoping to pressure the other into giving up some ground as they hammer out a compromise package of tax hikes and spending cuts. treasury secretary tim geithner meeting with all four party leaders in the house and senate, but instead of sitting down with everybody in one room, geithner is meeting separately with each of them. our chief congressional correspondent, mike emanuel, live on capitol hill right now. what's the latest on those meetings and the secretary's shuttle diplomacy, mike? >> reporter: we heard from speaker john boehner who said that treasury secretary geithner did not come with a substantive plan in terms of spending cuts. we know the republicans were hoping when the treasury secretary came here to capitol hill, that he would have laid out some serious spending cuts because the republicans are saying if we're putting revenue on the table, we need to see some serious spending cuts from the white house. i think it's i